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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
RAJYA SABHA
UNSTARRED QUESTION NO-392
ANSWERED ON TUESDAY, FEBRUARY 3, 2026/ 14 MAGHA, 1947 (SAKA)
SECTOR WISE DETAILS OF DEBT WAIVER
392. SHRI SANT BALBIR SINGH:
Will the Minister of FINANCE be pleased to state:-
(a) whether Government maintains record of the total debt waived off or written off in
respect of corporates and farmers from April 2014 to the current financial year, if so, the
details thereof;
(b) the State/UT-wise and sector-wise details of such debt waivers/write-offs separately
for corporates and farmers; and
(c) whether Government has undertaken any comparative assessment of the impact of
corporate debt write-offs vis-à-vis farmers’ debt relief on public finances and economic
equity?
ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PANKAJ CHAUDHARY)
(a) to (c): The Reserve Bank of India (RBI) has apprised that the State/UT-wise and
sector-wise details regarding total debt waived off or written off in respect of corporates
and farmers is not maintained by it. However, year-wise and category-wise details of
loans written-off by Scheduled Commercial Banks for domestic operations, for categories
Large (Industries and Services) and Agriculture and Allied Activities, during the last 11
financial years (FY) and current FY till 30.9.2025, are at Annex.
Banks write-off NPAs, including, inter-alia, those in respect of which full provisioning has
been made on completion of four years, as per RBI guidelines and policy approved by
banks’ Boards. Such write-off does not result in waiver of liabilities of borrowers and
therefore, it does not benefit the borrower. The borrowers continue to be liable for
repayment and banks continue to pursue recovery actions initiated in these accounts.
Further, recovery in written-off loans is an ongoing process and banks continue pursuing
their recovery actions initiated against borrowers under the various recovery mechanism
available to them.
*****Annex
Rajya Sabha Unstarred question no. 392, regarding Sector wise details of debt waiver
Category-wise details of written-off loans by Scheduled Commercial Banks
(Amounts in crore Rs.)
Category Financial Year Written-off loans
2014-15 17,897
2015-16 30,186
2016-17 55,468
2017-18 80,224
2018-19 1,25,320
2019-20 1,22,941
Large Industries
2020-21 97,304
2021-22 41,566
2022-23 73,272
2023-24 42,210
2024-25 27,284
2025-26 (till 30.9.2025) 7,752
2014-15 13,826
2015-16 10,229
2016-17 12,840
2017-18 18,908
2018-19 23,433
2019-20 36,199
Large Services
2020-21 29,746
2021-22 27,966
2022-23 41,255
2023-24 26,157
2024-25 20,284
2025-26 (till 30.9.2025) 4,547
2014-15 3,420
2015-16 6,845
2016-17 6,488
2017-18 10,747
2018-19 12,728
2019-20 12,969
Agriculture and Allied Activities
2020-21 14,483
2021-22 15,222
2022-23 23,852
2023-24 24,426
2024-25 21,882
2025-26 (till 30.9.2025) 14,121
Source: RBI, domestic operations
*****